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Lazard's Statement On The Death Of CEO

NEW YORK, October 14, 2009 - 'Bruce Wasserstein, Chairman and CEO of Lazard Ltd (NYSE: LAZ), has passed away at the age of 61. Mr. Wasserstein had been hospitalized in serious condition for an irregular heartbeat. The exact cause of death has not yet been determined.

Banker Found Guilty For Death Of Wife

HSBC executive Neil Ellerbeck has been convicted of the manslaughter of his wife, Kate, who died following an argument last November. The couple's marriage is said to have been under severe strain for some time.

Bailed Out Firm Gave Kitchen Assistant Retention Bonus!

Chef

The Financial Times reports that a report to be published Wednesday is expected to reveal that AIG's financial products unit paid $243m in retention bonuses last March not only to employees who were deemed key to the firm's future success / survival, but were shared out among support staff as well.

'It's Scr.w The Shareholders!!'

Bank of America has caved in and confirmed that it will reveal full details of the legal advice it received as its acquisition of Merrill Lynch last year edged towards completion.

Mass Defection At Once-Top Firm

The Financial Times reports that RBS Coutts, the international private banking arm of Royal Bank of Scotland, has suffered 'massive resignation(s)' at its Singapore office.

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Larry Fink Interview Pic

Larry Fink To Square Up Against Jamie Dimon ?

Bill Rubin, BlackRock's senior investment analyst responsible for picking financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase right after the bank disclosed a trading loss that ultimately cost more than $6.2bn.